Mirae cuts Krafton stock target to KRW 280,000 as PUBG outlook weakens

Published on 10/25/2026 at 01:50 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Mirae sees third-quarter sales at KRW 1.156 trillion and profit at KRW 278.0 billion. Krafton stock faces a 10.4 percent quarterly sales decline.

Analyst revisions shape the outlook

Mirae Asset Securities cut its Krafton target to KRW 280,000 on October 22, 2026.
Mirae projected 2027 sales of KRW 4.869 trillion.
Krafton is scheduled to release third-quarter results on November 10, 2026.

Krafton, KR7259960003, Illustration mit AI erstellt.

Krafton (ISIN KR7259960003) faced a lower valuation ceiling after ChosunBiz reported on October 22, 2026 that Mirae Asset Securities cut its target from KRW 360,000 to KRW 280,000. The revision reflects weaker expectations for Battlegrounds and the time needed for new titles to reach the market.

Analysts trim the valuation

Mirae projected third-quarter sales of KRW 1.156 trillion and operating profit of KRW 278.0 billion for the period ending September 30, 2026. Sales would rise 32.8 percent year over year, while operating profit would fall 20.3 percent, according to ChosunBiz.

The same report said Mirae lowered its 2027 sales estimate by 4.22 percent, from KRW 5.084 trillion to KRW 4.869 trillion. Its 2027 operating profit forecast fell 15.54 percent, from KRW 1.377 trillion to KRW 1.163 trillion. The cuts put the release timetable, rather than only current PUBG performance, at the center of the valuation debate.

What do estimates imply?

The comparison with earlier forecasts is material: the projected sales decline from the previous quarter is 10.4 percent, while projected operating profit is down 32.4 percent quarter over quarter. Mirae also reduced its current-year operating profit forecast by 9.52 percent, from KRW 1.471 trillion to KRW 1.331 trillion, according to ChosunBiz.

Three target cuts in October

On October 6, 2026, Kyobo Securities cut its target from KRW 390,000 to KRW 370,000 while retaining its Buy rating, as reported by Inven Global. On October 13, 2026, Meritz Securities lowered its target from KRW 350,000 to KRW 290,000, according to ChosunBiz. Mirae's October 22, 2026 revision to KRW 280,000 was the latest of the three.

Next reporting date

Krafton is scheduled to release its third-quarter results on November 10, 2026, according to the company calendar shown by MarketScreener.

KRW price stays dated

Krafton last closed at KRW 185,600 on KRX on October 23, 2026. The quote was 3.23 percent below the previous session close, while its 52-week range was KRW 180,600 to KRW 303,500 as of that date. The company had a market capitalization of KRW 8.1 trillion on the same basis.

The further course of trading is shown by the continuously updated real-time quote of Krafton stock.